SEC Loses Corporate Finance Director

Law360, New York (January 11, 2006, 12:00 AM EST) -- The U.S. Securities and Exchange Commission has lost another high-ranking official to the private sector, accepting the resignation of Alan Beller, director of the commission’s corporation finance division.

SEC Chairman Christopher Cox released a statement saying that Beller, who joined the SEC in 2002 and worked for the agency under Chairmen Pitt, Donaldson, and Cox, “will be recognized as one of the giants of the SEC of all time.”

Beller’s departure creates another gap in the SEC’s management. Two of the commission’s four divisions are now...